Which of the following items would not be considered a long-lived asset?
A)Buildings
B)Land improvements
C)Inventory
D)Land

Name: Which of the following items would not be considered a long-lived asset? A)Buildings B)Land improvements C)Inventory D)Land
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Question

Quizplus · Accepted Answer

Long-lived assets are acquired for use over one or more years and are not intended for resale.Inventory is usually used up or sold to customers within a year.Thus,inventory does not qualify as a long-lived asset.

Which of the Following Items Would Not Be Considered a Long-Lived